Euro keeps riding high

March 18, 2016

The Euro has continued its strength today breaking through the US1.13.00 mark still riding high after yesterday’s dovish statement from the US Federal Reserve.

At 7.13pm (GMT) the EUR/USD was trading at US$1.13.18 after threatening to break below US$1.10.00 in yesterday’s trading,

Before yesterday’s Fed speech, the market had placed a more than 50 percent chance that the Fed would raise rates in June but now the figure has dropped significantly which lent some support to the Euro,

"The decision to keep policy unchanged came as no surprise. However, the Committee’s guidance on the future path for policy rates was more ‘dovish’ than both we and the markets expected. The immediate reaction has seen the US dollar and US Treasury yields fall sharply, and the probability that markets put on a June interest rate rise has fallen to 40% from 53% pre-announcement." Noted exchange traders from Lloyd’s.

Also helping the Euro’s cause today was better than expected industrial production figures from the Eurozone which came in at 2.1 percent against expectations of a 1.5 percent rise while the yearly figure faired even better coming in at 2.9 percent against a consensus of 0.8 percent.

Publication source
FIBO Group information  FIBO Group reviews

December 2, 2016
Oil may remain above $50
The Oil price continued to push higher today reaching its highest level in over a year with some predicting that the OPEC deal reached yesterday was a game changer and further gains are expected...
November 29, 2016
Euro may hit parity with US dollar
The Euro was under further pressure today against the US dollar on the back of political instability in Italy and, bringing it closer to parity with its American counterpart...
November 28, 2016
ECB speeches, OPEC rumours to dominate Monday
The US is back to the markets in full swing today as investors return from the long weekend and while this may have a major impact on the markets (given the fact that US bonds and US dollar had such a massive influence on global markets recently) other factors dominate in the calendar with the US being present...

Trade360 Rating
FBS Rating
Vantage FX Rating
OctaFX Rating
Grand Capital Rating
Tickmill Rating

TropicalTrade Rating
OptionsXO Rating
Grand Option Rating
TopOption Rating
Binary Brokerz Rating
Beeoptions Rating